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Friday, April 23, 2010

News: ‘Substantial’ Nickel Deposits in Dinagat

Studies commissioned by Century Peak Corp. (CPC) have found a significant amount of nickel at its twin mines on Dinagat Island, Surigao del Norte.

In a statement, the miner said it estimates 9.9 million dry metric tons of resources with a grade of 1.02 percent nickel at its Casiguran mine. It also cited data showing a measured resource of 9.07 million dry metric tons with a grade of 1.07 percent nickel at its Rapid City Parcel II property, also in Dinagat.

"The reports confirm the vast amount of resources of Dinagat Island, which has been well-known among Philippine geologists," CPC quoted University of the Philippines geologist Carlo A. Arcilla as saying. More...